The fields of mathematics, statistics and actuarial science have evolved dramatically over the past 10 years and is still changing today, as seen by the financial crisis in 2008. Today’s market environment is characterized by increased volatility, with many corporations now recognizing the need for advanced risk management practices. According to The Jobs Related Almanac, actuary is consistently rated as one of the best jobs when salary, work environment, stress, career outlook, security, and physical demands are jointly taken into consideration.
The double degree approach leverages the quantitative and market skills of mathematics, statistics and actuarial science with corporate financial management practices. As such, this programme between HKBU and SFU has many elements, such as risk assessment and market structure, which are not in current course offerings at HKBU. Thus, the programme, while having finance at its heart, represents a unique combination of skills from mathematics, statistics and actuarial science.
Partnering with SFU’s B.Sc. in Actuarial Science programme provides HKBU access to a larger pool of experienced faculty members for teaching in the programme as well as affiliation and recognition from SFU’s programme. At SFU, the staff and students are from a great variety of backgrounds and they form an international community with a global outlook. Besides academic and teaching skills, many staff members have considerable managerial and professional experience gained in North America, Europe and other parts of the world. This experience benefits all our students.
SFU is consistently ranked among Canada’s top comprehensive universities in the annual rankings of Canadian universities and named to the Times Higher Education list of 100 world universities under 50. The Department of Statistics and Actuarial Science at SFU hosts its own consulting services unit to provide expert statistical advice to individuals involved in data-based research projects.
The logical thinking and problem-solving training that our students receive equip them well for a wide range of work opportunities related to mathematics, statistics and actuarial science; they include mathematician, statistician, risk manager, actuary, proprietary trader, investment banker, derivative product development and asset manager, market researcher, statistical consultant, government organizations, academic researcher, and teacher. Moreover, the solid mathematical and statistical foundation equips our students well for postgraduate study; many go on to further their studies in local and overseas institutions, and they are doing very well.
The market demand for graduates from the B.Sc. (Hons) in Mathematics and Statistics as well as the B.Sc. in Actuarial Science remains optimistic and continues to grow around the world. With the ability to perform well-trained analytical and deduction skills, such graduates have a wide range of rewarding career choices.
The financial industry is highly sophisticated nowadays and requires graduates having professional level computational techniques and quantitative skills with deep knowledge of mathematics, statistics, econometrics, and finance. The career opportunities for mathematicians who can do statistical analysis are diverse and growing in all business sectors. With an expectation of 21% increase in employment from 2014-2024, mathematicians are well-compensated. The number of vacancies in financial industry has remained high since 2012. In addition to the fact that the market for risk managers has been active over the past few years, high-quality junior risk candidates are also in great shortage. In particular, analysts from operational risk and credit risk with statistics experiences are in high demand over the board.
In Asia, experienced actuary scientists are highly desirable. After completing the B.Sc. in Actuarial Science at SFU of Canada, students can then accumulate some years of commercial experience, complete professional certifications and become highly competitive in the insurance market. When salary, work environment, stress, career outlook, security, and physical demands are jointly taken into consideration, mathematician, statistician, and actuary are consistently rated among the top of the best jobs.
HKBU Graduation Requirement (128 units):
To fulfill graduation requirements at HKBU, students are required to take 128 units (including 67 units of Major Courses, 31 units of General Education/University Core courses and 30 units of Free Elective courses). Of the 128 units, at least 36 units must be at Level 3 or 4 and at least half of this programme's total units must be earned through HKBU study. Students must maintain an overall grade point average (cGPA) of at least 2.0 for graduation.
SFU Graduation Requirement (120 units):
To fulfill graduation requirements at SFU, students are required to take 120 units in total, including a minimum of 44 upper division units (level 3 or 4 courses) with a minimum of 28 units in the major subject or field, and achieve a cGPA of 2.50 or better to graduate. Students must also meet writing, quantitative and breadth (WQB) requirements as part of any degree program they may undertake.
Double Degree Programme Graduation Requirement
To complete the proposed double degree programme, students are required to fulfill both graduation requirements at HKBU and SFU.
The overall performance of the students is evaluated at the end of each year by the Programme Examination Committee, and performance of students with academic problem will be reviewed by the Faculty Undergraduate Studies Committee. This is to ensure that the required standards of performance across the departments are consistent.
By the end of their Year 2 study, students are required to
Students who fulfill the above requirements can pursue their Year 3-4 study at SFU. HKBU and SFU will provide assistance in the process of applying for a student visa to Canada.
During their studies at SFU, their academic performance will be evaluated at the end of each semester by the Departmental Management Committee. They are expected to follow the study plan and are expected to maintain a CGPA of 2.50 or above at SFU. Students who do not meet the expectation of studying at SFU will be reviewed by the Departmental Management Committee. A decision will be made for each student in determining whether he/she will advance to the next semester, conditionally advance to the next semester, or be required to withdraw from this double degree programme.
Any student, who fails to progress in the double degree programme either at HKBU or at SFU, may continue to pursue the single degree programme for B.Sc. (Hons) in Mathematics and Statistics at HKBU if he/she fulfills the general regulations. The exemption policies for the double degree programme will no longer be applied to the student. A study plan for students, who do not meet the requirements to go SFU and will exit with a single BSc (Hon.) in Mathematics and Statistics degree, is attached in Appendix 3.
Supplementary fee includes the following items:
The above are estimations only. For the most updated information, visit the budget estimator of Financial Aid and Awards at SFU. In addition to these expenses, students have to bear other expenses, which include air ticket, books and supplies, daily expenses, etc.
Local students who fail to satisfy the SFU graduation requirements due to insufficient units or wish to take additional units out of interest may be allowed to take extra courses at SFU. HKBU will not be responsible for the induced extra tuition fees. Students are advised to ensure they have sufficient funds to participate in the programme.
The minimum admissions requirements are the same as Bachelor of Science (JUPAS code: JS2510). All newly admitted students of the Bachelor of Science via the broad-based admission are eligible to apply* this double degree programme. The total quota for this programme is 8 (for both JUPAS and non-JUPAS admissions).
* Confirmed recipients of the HKBU Science Double Degree Entrance Scholarship for Local Students are guaranteed to be admitted to this programme and need not re-apply.
|22 May 2023||Applicants return the completed forms and related documents|
|Mid-June, 2023||Shortlisted applicants will be invited to interviews and entrance examination|
|Early-July, 2023||Recipients will receive firmed or conditional offers to be admitted to the double degree programme.|
Shortlisted candidates will be invited to a qualifying examination and interview. Key selection criteria include
Recipients of the proposed scholarship are not eligible to other scholarships or awards that subsidize their tuition fee, but may receive other scholarships or awards from other donors or organizations that subsidize their overseas expenses.
For more details of other scholarships and financial aid, please visit https://sa.hkbu.edu.hk/sfa.
The programme is designed to provide students with a solid foundation in mathematical and statistical concepts with an aim towards developing logical thinking and analytical skills.Learn More
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